Mon.Oct 23, 2023

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Modern CFOs as ‘chief value officers’: EY

CFO Dive

Generative AI could aid CFOs seeking to meet the wider demands and job creep that has expanded their strategic responsibilities, EY’s Daren Campbell says.

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The Greatest Missed Opportunity of Our Lifetimes

Barry Ritholtz

The chart in this morning’s reads shows what it is going to cost to fund the interest payments on the federal debt. It’s gone vertical as rates have moved from effectively 0 to over 5%. When rates were zero all of corporate America refinanced, lowering the cost of their debt to historically low levels. Households did the same; today 61% of homeowners with a mortgage are paying 4% or less in interest.

Treasury 131
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5 ways to put real-time travel and expense data to use

CFO Dive

With 71% of U.S. companies expecting a full recovery of their travel spend to pre-pandemic levels by the end of 2024 — and 68% of European companies expecting the same — now is the time to ensure travel and expenses budgets and decisions will be backed by data.

Budgeting 246
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Nonprofit Agenda Management: Empowering Organizational Success

Capital CFO LLC

Introduction Nonprofit agenda management at its core is a game changer. It helps you to run efficient, effective and productive meetings. Building the right agenda is a tool in your […] The post Nonprofit Agenda Management: Empowering Organizational Success appeared first on Capital CFO+.

Nonprofit 105
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Career map: Your path from NetSuite candidate to NetSuite client

CFO Dive

More and more, we’re seeing NetSuite propel careers forward. What skills make the difference in the current jobs market?

Marketing 263

More Trending

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Fed warns of stability risk from $24T commercial real estate market

CFO Dive

Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

Marketing 193
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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • Charles Schwab Has Had a Terrible Year. The Surprising Reason the Brokerage King Won’t Be Dethroned. For some advisors, the move to Charles Schwab from TD Ameritrade didn’t go smoothly. Chances are, they’ll stick around anyway. ( Barron’s ) • A Recession Is No Longer the Consensus : In WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates. ( Wall Street Journal ) but see Car Owners

Budgeting 103
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Crypto legislation would put US ‘back in the game,’ stakeholders say

CFO Dive

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

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Are Financial Plans Getting Too Comprehensive: How The ‘Sledgehammer Of Value’ Isn’t Actually Paying Off

Nerd's Eye View

Many financial advisors take pride in the comprehensive nature of the advice they provide to clients and use the variety of services offered as a point of differentiation between themselves and other types of advisors. Though, at some point, covering a large number of financial planning topics can eat into an advisor's time, which is problematic if clients won't pay substantially more to receive that more comprehensive advice.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Same-day payments keep climbing: Nacha

CFO Dive

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

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Global billionaire tax could yield $250 billion: Study

CFO News

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said.

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Amazon tests two-legged, mobile robots

CFO Dive

Amazon has been ramping up its use of technology in operations for some time and now has over 750,000 robots.

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Ad Hoc Reporting Software Levels Up CFOs: Faster, More Accurate FP&A

Lime Light

it’s impossible to anticipate every question you’ll face from the board, the CEO, and other stakeholders. “I’ll get back to you on that,” was about the best you could do in the past. But ad hoc reporting (and ad hoc reporting software) makes getting back to you a matter of minutes. And gives you an edge you didn’t have before.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Unleashing the potential of generative AI for the CFO

CFO Dive

Gen AI is here and here to stay and CFOs and the finance function are at the cusp of becoming early adopters.

CFO 130
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FCF Robotics Venture Capital Report – 2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the “Robotics Venture Capital Report – 2023”. The report is part of the “FCF DeepTech Series”, which is a quarterly series of reports tracking European venture. Read more The post FCF Robotics Venture Capital Report – 2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Finance leaders' journey to AI adoption

Future CFO

Adopting artificial intelligence in an organisation's day-to-day business is undeniably a strategic move to boost operations and decision-making. It is imperative that finance leaders must understand AI as this helps in determining how it can cater to the business' needs. From there, CFOs can evaluate the organisation's readiness for the technology and start small-scaling AI integration.

Finance 52
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Niti plan in works to lower reliance of India's supply chains on China

CFO News

India is developing a plan to reduce its reliance on China for supply chains. The Niti Aayog is working on the strategy, which aims to address the trade deficit with China and secure supply chains from geopolitical risks. The plan will include measures such as tariff and non-tariff barriers, regulatory changes, and supply diversification. A consultancy firm will be engaged to review India-China trade and make recommendations.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Third-party risk management: Organisations redefining approach

Future CFO

When it comes to third-party risk management, organisations are redefining their approaches, with a focus on talent and strengthening the role of executive leadership on third-party risk management teams, said Deloitte recently when releasing results of a survey. According to the firm’s third-party risk management (TPRM) survey of more than 1,300 TPRM leaders spanning 40 countries, 83% of respondents (83%) remain optimistic or neutral about managing third-party relationships moving forward.

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BlackRock CEO Larry Fink flies into India to meet Ambani, policymakers

CFO News

First meeting between JV partners after JFS BlackRock announced $300 M asset management alliance in July. Fink is leading Wall Street money managers in what would be the biggest delegation to Dubai's Cop 28. To also attend Davos in the desert despite growing conflict in West Asia.

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Is your budget presentation boardroom ready?

Centage

Your teams have spent months creating, adjusting, re-creating, and finalizing your budget for the next year. Managers have input their needs and requests for equipment, staff, and training. Sales teams have projected their volumes. You’re finally ready to bring your annual budget presentation to the board. Or are you? Is the board going to care that you’ve allocated 20% of IT’s budget for training?

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Reliance-Disney deal likely to face a valuation hurdle

CFO News

Reliance Industries (RIL) and The Walt Disney Company are facing difficulties in reaching a deal for Disney's India operations due to a significant difference in their valuations. While RIL values Disney Star at $3-4 billion, Disney is seeking a valuation of $10 billion. The factors against Disney Star include a decline in the paid subscriber base of Disney+ Hotstar.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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What is a W-9 and Why is it Important?

The Charity CFO

Keeping your taxes in order is vital for any nonprofit. Unfortunately, it can get complicated and confusing when it comes to employees, especially if you’re hiring both traditional staff and regular contractors or freelancers. The W-9 is among the most crucial forms to help keep everything straight, but many don’t know much about it or when it’s used.

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CBDT extends date for domestic cos to gain 22% tax benefit under form 10-IC

CFO News

The Central Board of Direct Taxes (CBDT) has granted an extension for filing Form 10-IC, which is required for domestic companies opting to pay tax at a concessional rate of 22%. This provision was introduced in the Income Tax Act from the financial year 2019-20. Eligible companies can now file Form 10-IC for the Assessment Year 2021-2022 by January 31, 2024, to avail the 22% tax benefit.

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Evaluating Indirect Costs for Grants

CFO Selections

Over the last decade it has gotten harder to understand and evaluate the indirect cost rates being applied to grants. Nonprofit leadership has struggled to keep up as the requirements and recommendations around indirect cost rate calculations have shifted and changed. And yet, this work remains critically important to the effective financial management of nonprofit organizations because without accounting for indirect costs correctly nonprofits cannot cover their overhead.

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Extend concessional tax rate of 15% to domestic infra industry, LLPs: India Inc

CFO News

Industry groups are proposing several direct tax measures for the Vote on Account, including extending the concessional tax rate of 15% to domestic infrastructure companies and non-corporate taxpayers like LLPs and trusts. They are also seeking exemption from withholding tax on payment of interests on overseas bonds with longer maturities, allowing carry forward and set off of business losses for the service industry, and clarification on the applicability of prerequisites.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.